Key highlights

  • Auckland Airport reported passenger movements up 1.6% to 19.04 million and Revenue up 3% to NZ$1,036 million for FY26.
  • Net Underlying Profit after tax was down 0.5% to NZ$309 million, with a 6.75 cent final Dividend payable on 2 October 2026.
  • FY27 underlying profit guidance is NZ$290 million to NZ$330 million, with flight and passenger volumes expected to be relatively flat.

Auckland International Airport Limited (ASX:AIA) announced its results for the 12 months to 30 June 2026 in a media release dated 20 August 2026. The release covered passenger traffic, revenue, earnings, dividends and its infrastructure program, and set out guidance for FY27. Figures are in New Zealand dollars.

About Auckland Airport

Auckland Airport owns and operates New Zealand’s largest airport, earning revenue from aeronautical charges, retail, car parking, property and other commercial activities. It is also developing a new domestic jet terminal and related airfield works as part of a multi-year infrastructure program.

Traffic and revenue

Total passenger movements rose 1.6% to 19.04 million. Domestic movements grew 1.7% to 8.6 million, and international movements, including transits, increased 1.6% to 10.5 million. Revenue was up 3% to $1,036 million, or up 5% to $1,026 million excluding interest income.

Trans-Tasman capacity rose 4% in FY26, while capacity from the United States declined 3%, although the company said Demand from the US remained stable. It said conditions were more volatile in the second half of the year.

Earnings and dividend

Operating EBITDAFI was up 3% to $724 million. Net underlying profit after tax was down 0.5% to $309 million. Reported profit after tax including revaluations decreased to $335 million, including a $35.8 million Investment property Revaluation gain compared with a $127.5 million gain in the prior year. A final dividend of 6.75 cents per share will be paid on 2 October 2026.

Infrastructure program and FY27 guidance

The company progressed its new domestic jet terminal and airfield works, and a new global travel retail operator began operating at the international terminal. For FY27, it expects underlying profit after tax, excluding Fair Value changes and other one-off items, of between $290 million and $330 million, and Capital Expenditure guidance of between $1,000 million and $1,300 million.

The company described a cautious near-term approach because of fuel price Volatility and geopolitical instability affecting airlines and travel demand, with flight and passenger volumes expected to be relatively flat in FY27. Guidance is subject to material adverse events.

Risks to consider

Passenger volumes are exposed to airline capacity decisions, fuel prices and geopolitical events, and the company expects flat volumes in FY27. Underlying profit was slightly lower than in FY25.

The capital expenditure range of $1,000 million to $1,300 million is large, and projects such as the new domestic jet terminal carry construction and funding risk. Reported profit also depends on property revaluations, which were lower than in the prior year.

Catalysts to watch

Items to watch include FY27 underlying profit against the $290 million to $330 million guidance, the 2 October dividend payment, delivery of the domestic jet terminal and airfield works, trans-Tasman capacity, and the summer peak travel period.